Halliburton Company (NYSE:HAL) – Capital One Financial Corporation increased their Q3 2017 earnings per share estimates for shares of Halliburton in a report issued on Wednesday. Capital One Financial Corporation analyst L. Lemoine now forecasts that the oilfield services company will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.35. Capital One Financial Corporation also issued estimates for Halliburton’s Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.03 EPS.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the company earned ($0.14) EPS. The firm’s revenue was up 29.3% compared to the same quarter last year. WARNING: “Q3 2017 Earnings Forecast for Halliburton Company Issued By Capital One Financial Corporation (HAL)” was originally published by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/q3-2017-earnings-forecast-for-halliburton-company-issued-by-capital-one-financial-corporation-hal/1609380.html.

Other research analysts have also recently issued reports about the stock. Credit Suisse Group set a $60.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, July 1st. Jefferies Group LLC reiterated a “buy” rating and set a $69.00 price target on shares of Halliburton in a research report on Friday, June 30th. Scotiabank reiterated a “buy” rating and set a $59.00 price target on shares of Halliburton in a research report on Wednesday, June 28th. Royal Bank Of Canada set a $65.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, June 24th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $62.00 price target (down from $65.00) on shares of Halliburton in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Halliburton has a consensus rating of “Buy” and a consensus target price of $58.49.

Shares of Halliburton (NYSE:HAL) opened at 45.18 on Thursday. Halliburton has a 52-week low of $38.18 and a 52-week high of $58.78. The company’s 50-day moving average is $41.57 and its 200 day moving average is $44.32. The firm’s market capitalization is $39.38 billion.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. Halliburton’s payout ratio is presently -423.50%.

In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of HAL. BlackRock Inc. increased its holdings in shares of Halliburton by 2,760.4% during the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after acquiring an additional 50,022,982 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Halliburton by 107.8% during the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock valued at $667,362,000 after acquiring an additional 8,105,286 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Halliburton by 35.1% during the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock valued at $632,678,000 after acquiring an additional 3,844,946 shares in the last quarter. Balyasny Asset Management LLC increased its holdings in shares of Halliburton by 7,314.7% during the second quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock valued at $160,191,000 after acquiring an additional 3,700,084 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Halliburton by 3,294.9% during the second quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after acquiring an additional 3,672,887 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Earnings History and Estimates for Halliburton (NYSE:HAL)

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